China faces considerable domestic challenges, from a sluggish property market to weak consumer sentiment, Wharf says. After a poor result in 2023, more time is needed to revive the property markets, ...
El Salvador Bags Major Bitcoin Gains; Hong Kong’s Stablecoin Push
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including El Salvador's major gains from the recent bitcoin (BTC) rally. The Central ...
China Vanke’s shares, bonds jump after reassurance on operations, refinancing
Shares and bonds of Vanke jumped on Tuesday after China's No.2 property developer said the impact of a Moody's ratings downgrade on its financing activities was "controllable", though some analysts ...
Alibaba, Xiaomi Help Drive Hong Kong Index to Highest Close Since November
Hong Kong stocks were standout global performers Tuesday, boosted by Alibaba and Xiaomi, among others. The city's benchmark Hang Seng Index gau ...
China Market Update: Hong Kong’s “Good Stuff” Gets Going
Asian equities were largely higher as Hong Kong outperformed, while Japan underperformed and Indonesia was closed for the second day of the Hindu Saka New Year.
Shaping the Future of Finance: Hong Kong’s Regulatory Framework for Stablecoin Issuers
In an era where the digital economy and traditional financial systems are becoming increasingly intertwined, the Hong Kong Monetary Authority (HKMA) is taking proactive steps to establish a regulatory ...
Hong Kong stocks rise to their highest this year as buy-back hopes propel market
Hong Kong stocks were lifted by hopes more companies could launch share buy-backs to take advantage of the current market valuations.
China scrambles to prevent another big property developer going bust
Chinese banks are reportedly scrambling to bail out one of the country’s biggest property developers after its credit rating was downgraded to “junk” status by Moody’s on Monday.
Wharf sees more struggles ahead in Hong Kong, mainland China after reporting weak property sales, profit in 2023
China faces considerable domestic challenges, from a sluggish property market to weak consumer sentiment, Wharf says. After a poor result in 2023, more time is needed to revive the property markets, ...
Article 23: Hong Kong may tighten measures against ‘absconders’ after lawmakers say draft bill ‘too lenient’
The Hong Kong government plans to amend a draft bill for the city’s new domestic security law to tighten measures against “absconders,” after lawmakers said the existing proposal was “too lenient.” ...
SoftBank-Backed Used-Car Startup Carro Drives Into Hong Kong With Acquisition
Carro, a Singapore-based online used-car marketplace, has expanded into Hong Kong with the acquisition of a local smaller peer to bet on the city’s growing electric vehicle adoption. Carro announced ...
Hong Kong’s Central Bank Starts Regulatory Sandbox for Stablecoin Issuers
The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox.
China’s crackdown is damaging Hong Kong’s economy
The Chinese city is set to widen a Beijing-imposed security law that could cause more multinationals to flee. Is Hong Kong's role as a gateway to China over?
Over 70 Hopeful Startups Primed for Hong Kong Mega Event of EPiC 2024 Grand Finale
With the final stop of semi-final contest at Stuttgart, four-city world semi-final series for EPiC 2024 global pitching contest completed and over 70 semi-finalists were selected“Best-of-the-best” ...